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Tax audit
Individual assessee...
If turnovr is Rs. 40 lakh
Net Profit Rs.400000/-
Contri to scie reasrch ass apprvd us 35 Rs.100000/-
(it debitd to cap acc)
Taxable Pgbp Rs.400000-150000=250000 Rs Wheathr I hve to Go Tax Audit??
as
*.it s below 8% Pgbp presumptiv basis
I.e
8% chk out with result of Normal comput. of Pgbp income
or With Net profit as pr pofit losss???
reply
Replies (2)
Yes tax audit is required to be done..
Yaaaa...dhanyawaad
If In case of Partnership firm 8% limt chek with normal provision-
Profit before int & remmm
or Profit aftr int & remmuneration?
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